CA Ashwani Agarwal (Practice) (3049 Points)
10 September 2011
What are the practical benefits of a company?
I mean i know that it has limited liability, perpetual sucsession.
But what i want to ask is what is the reason that people want to convert their business into a pvt. limited company?
How do they stand to benefit form it?
CS Bijoy
(Expert)
(6394 Points)
Replied 19 September 2011
Check the following link to find your answer...
Rashi Tiwari
(Company Secretary)
(131 Points)
Replied 19 September 2011
The very important benefit of the company is that it is distinct entity. Practically speaking being a legal body people will have much reliability in dealing with Company than that of dealing with a sole proprietor. Apart from those benefits which are worded in huge books. The above is one of the biggest benefit of a company that i personally feel.
Regards
Rashi Tiwari
CAclubindia
